You are here

Supertanker traffic jam in China pushes up global shipping rates


SUPERTANKERS hauling crude to China are contending with increased waiting times to unload as some on-land storage depots reach capacity amid an oil-buying binge by the world's most populous nation.

At least 19 two-million-barrel-capacity ships - known as VLCCs - were

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom